Mars Finance News, on May 18, Nvidia (NVDA.O) is seeking to reduce its dependence on large tech companies, aiming to establish new partnerships and sell its AI chips to nation-states, enterprise groups, and challengers to groups like Microsoft, Amazon, and Google. This week, Nvidia announced a multi-billion-dollar US chip agreement with Saudi Arabia's Humain, while the UAE announced plans to coordinate with the US government to build one of the world's largest data centers. These "sovereign AI" transactions are a key part of Nvidia's strategy to attract customers beyond Silicon Valley. Nvidia executives, industry insiders, and analysts say this $3.2 trillion chip manufacturer intends to expand its business beyond hyperscale enterprises. Nvidia states that large cloud computing groups account for more than half of its data center revenue and is working to support potential competitors to Amazon Web Services, Microsoft Azure, and Google Cloud. This includes facilitating "new cloud powers" (neoclouds) like CoreWeave, Nebius, Crusoe, and Lambda to become part of its growing "Nvidia Cloud Partner" network. (Jinshi)
Nvidia seeks to expand beyond big tech companies
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